2013 Q3 Form 10-Q Financial Statement
#000119312513435013 Filed on November 08, 2013
Income Statement
Concept | 2013 Q3 | 2012 Q3 |
---|---|---|
Revenue | $57.79M | $58.49M |
YoY Change | -1.2% | 16.74% |
Cost Of Revenue | $25.90M | $23.30M |
YoY Change | 11.16% | 3.1% |
Gross Profit | $31.90M | $35.20M |
YoY Change | -9.38% | 28.0% |
Gross Profit Margin | 55.2% | 60.19% |
Selling, General & Admin | $8.131M | $9.593M |
YoY Change | -15.24% | -23.26% |
% of Gross Profit | 25.49% | 27.25% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $3.600M | $4.000M |
YoY Change | -10.0% | -20.0% |
% of Gross Profit | 11.29% | 11.36% |
Operating Expenses | $42.62M | $41.36M |
YoY Change | 3.02% | 136.37% |
Operating Profit | $15.17M | $17.12M |
YoY Change | -11.39% | 71.22% |
Interest Expense | $5.352M | $8.671M |
YoY Change | -38.28% | -192.24% |
% of Operating Profit | 35.28% | 50.64% |
Other Income/Expense, Net | $0.00 | |
YoY Change | ||
Pretax Income | -$19.57M | $8.461M |
YoY Change | -331.33% | 1310.17% |
Income Tax | $1.811M | $1.228M |
% Of Pretax Income | 14.51% | |
Net Earnings | -$21.38M | $7.233M |
YoY Change | -395.64% | -616.64% |
Net Earnings / Revenue | -37.01% | 12.37% |
Basic Earnings Per Share | -$0.24 | $0.08 |
Diluted Earnings Per Share | -$0.24 | $0.08 |
COMMON SHARES | ||
Basic Shares Outstanding | 87.96M | 85.94M shares |
Diluted Shares Outstanding | 87.96M | 86.39M shares |
Balance Sheet
Concept | 2013 Q3 | 2012 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $53.50M | $45.20M |
YoY Change | 18.36% | -34.49% |
Cash & Equivalents | $53.55M | $45.24M |
Short-Term Investments | ||
Other Short-Term Assets | $5.434M | $6.900M |
YoY Change | -21.25% | 1.47% |
Inventory | ||
Prepaid Expenses | ||
Receivables | $52.02M | $48.10M |
Other Receivables | $6.800M | $0.00 |
Total Short-Term Assets | $111.0M | $100.2M |
YoY Change | 10.78% | -14.94% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $59.59M | $62.10M |
YoY Change | -4.04% | -7.17% |
Goodwill | $36.65M | |
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $7.284M | $9.500M |
YoY Change | -23.33% | -22.13% |
Total Long-Term Assets | $344.7M | $351.3M |
YoY Change | -1.89% | -2.77% |
TOTAL ASSETS | ||
Total Short-Term Assets | $111.0M | $100.2M |
Total Long-Term Assets | $344.7M | $351.3M |
Total Assets | $455.7M | $451.5M |
YoY Change | 0.92% | -5.76% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $100.0K | $100.0K |
YoY Change | 0.0% | 0.0% |
Accrued Expenses | ||
YoY Change | ||
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $3.750M | |
YoY Change | ||
Total Short-Term Liabilities | $32.89M | $32.50M |
YoY Change | 1.21% | 6.91% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $371.3M | $360.3M |
YoY Change | 3.04% | -8.9% |
Other Long-Term Liabilities | $6.874M | $8.100M |
YoY Change | -15.14% | -6.9% |
Total Long-Term Liabilities | $378.1M | $368.4M |
YoY Change | 2.64% | -8.86% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $32.89M | $32.50M |
Total Long-Term Liabilities | $378.1M | $368.4M |
Total Liabilities | $461.3M | $444.4M |
YoY Change | 3.8% | -6.15% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$942.7M | |
YoY Change | ||
Common Stock | ||
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | -$5.609M | $7.100M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $455.7M | $451.5M |
YoY Change | 0.92% | -5.76% |
Cashflow Statement
Concept | 2013 Q3 | 2012 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$21.38M | $7.233M |
YoY Change | -395.64% | -616.64% |
Depreciation, Depletion And Amortization | $3.600M | $4.000M |
YoY Change | -10.0% | -20.0% |
Cash From Operating Activities | $5.200M | $7.300M |
YoY Change | -28.77% | -265.91% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$3.000M | -$2.900M |
YoY Change | 3.45% | 61.11% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $0.00 | |
YoY Change | ||
Cash From Investing Activities | -$3.000M | -$2.900M |
YoY Change | 3.45% | 61.11% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 10.30M | 0.000 |
YoY Change | ||
NET CHANGE | ||
Cash From Operating Activities | 5.200M | 7.300M |
Cash From Investing Activities | -3.000M | -2.900M |
Cash From Financing Activities | 10.30M | 0.000 |
Net Change In Cash | 12.50M | 4.400M |
YoY Change | 184.09% | -170.97% |
FREE CASH FLOW | ||
Cash From Operating Activities | $5.200M | $7.300M |
Capital Expenditures | -$3.000M | -$2.900M |
Free Cash Flow | $8.200M | $10.20M |
YoY Change | -19.61% | -492.31% |
Facts In Submission
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|
1763000 | ||
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
12436000 | ||
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-13481000 | ||
us-gaap |
Interest Expense
InterestExpense
|
26730000 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
23000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-6502000 | ||
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
1706000 | ||
us-gaap |
Direct Operating Costs
DirectOperatingCosts
|
67803000 | ||
us-gaap |
Operating Expenses
OperatingExpenses
|
121366000 | ||
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
400000 | ||
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
28600000 | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
4294000 | ||
evc |
Payments On Syndication Contracts
PaymentsOnSyndicationContracts
|
1369000 | ||
evc |
Corporate Expenses
CorporateExpenses
|
12527000 | ||
evc |
Segment Operating Profit
SegmentOperatingProfit
|
50662000 | ||
evc |
Amortization Of Syndication Contracts
AmortizationOfSyndicationContracts
|
556000 | ||
evc |
Capital Expenditures
CapitalExpenditures
|
7134000 | ||
CY2012 | evc |
Line Of Credit Facility Period
LineOfCreditFacilityPeriod
|
P4Y | |
CY2012Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.08 | |
CY2012Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
86386655 | shares |
CY2012Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.08 | |
CY2012Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
446430 | shares |
CY2012Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.08 | |
CY2012Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
85940225 | shares |
CY2012Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
9104987 | shares |
CY2012Q3 | us-gaap |
Revenues
Revenues
|
58486000 | |
CY2012Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
10000 | |
CY2012Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
17122000 | |
CY2012Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
8461000 | |
CY2012Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
7233000 | |
CY2012Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
800000 | |
CY2012Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
4013000 | |
CY2012Q3 | us-gaap |
Interest Expense
InterestExpense
|
8671000 | |
CY2012Q3 | evc |
Corporate Expenses
CorporateExpenses
|
4465000 | |
CY2013Q3 | us-gaap |
Direct Operating Costs
DirectOperatingCosts
|
25860000 | |
CY2013Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
42615000 | |
CY2013Q3 | us-gaap |
Revenues
Revenues
|
57786000 | |
CY2013Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
12000 | |
CY2013Q3 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-29404000 | |
CY2013Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
15171000 | |
CY2013Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-19573000 | |
CY2013Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-21384000 | |
CY2012Q3 | us-gaap |
Direct Operating Costs
DirectOperatingCosts
|
23293000 | |
CY2012Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
41364000 | |
CY2012Q3 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
100000 | |
CY2012Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
9593000 | |
CY2012Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1228000 | |
CY2013Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1300000 | |
CY2013Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
3613000 | |
CY2013Q3 | us-gaap |
Interest Expense
InterestExpense
|
5352000 | |
CY2012Q3 | evc |
Segment Operating Profit
SegmentOperatingProfit
|
21587000 | |
CY2012Q3 | evc |
Capital Expenditures
CapitalExpenditures
|
3546000 | |
CY2013Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.24 | |
CY2013Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
87959856 | shares |
CY2013Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.24 | |
CY2013Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.24 | |
CY2013Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
87959856 | shares |
CY2013Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
2451894 | shares |
CY2013Q3 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
0 | |
CY2013Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
8131000 | |
CY2013Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1811000 | |
CY2013Q3 | evc |
Percentage Change In Interest Expense
PercentageChangeInInterestExpense
|
-0.38 | pure |
CY2013Q3 | evc |
Percentage Change In Depreciation And Amortization
PercentageChangeInDepreciationAndAmortization
|
-0.10 | pure |
CY2013Q3 | evc |
Percentage Change In Net Revenue
PercentageChangeInNetRevenue
|
-0.01 | pure |
CY2013Q3 | evc |
Percentage Change In Segment Operating Profit
PercentageChangeInSegmentOperatingProfit
|
-0.07 | pure |
CY2013Q3 | evc |
Percentage Change In Selling General And Administrative Expense
PercentageChangeInSellingGeneralAndAdministrativeExpense
|
-0.15 | pure |
CY2013Q3 | evc |
Percentage Change In Corporate Expenses
PercentageChangeInCorporateExpenses
|
0.12 | pure |
CY2013Q3 | evc |
Corporate Expenses
CorporateExpenses
|
5011000 | |
CY2013Q3 | evc |
Percentage Change In Direct Operating Costs
PercentageChangeInDirectOperatingCosts
|
0.11 | pure |
CY2013Q3 | evc |
Percentage Change In Income Loss Before Income Taxes
PercentageChangeInIncomeLossBeforeIncomeTaxes
|
pure | |
CY2013Q3 | evc |
Segment Operating Profit
SegmentOperatingProfit
|
20182000 | |
CY2013Q3 | evc |
Percentage Change In Operating Income Loss
PercentageChangeInOperatingIncomeLoss
|
-0.11 | pure |
CY2013Q3 | evc |
Percentage Change In Interest Income
PercentageChangeInInterestIncome
|
0.20 | pure |
CY2013Q3 | evc |
Capital Expenditures
CapitalExpenditures
|
3396000 | |
CY2013Q3 | evc |
Percentage Change In Gain Loss On Debt Extinguishment
PercentageChangeInGainLossOnDebtExtinguishment
|
pure | |
CY2011Q4 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-400000 |